-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Press Digest March 6: Bonds, Private Sector, Growth
Highlights from Chinese press reports on Monday:
- About 50% of the special bonds will be invested in "traditional infrastructure" such as transportation and industrial parks, which leaves room for funding investment in the digital economy and smart cities, according to Securities Daily. Citing experts, the paper said February's issuance of local government bonds was up 13% y/y, with new bond issuance for 2023 expected to rise slightly compared with that in 2022. It was still necessary to maintain fiscal intensity this year, as investment was an important pillar in China’s troika of economic engines. According to the paper, the focus should be on ensuring the profitability of projects chosen for funding.
- Legal reforms are needed to boost the private business sector, as the 14th National People's Congress emphasised the importance of the non-public sector by ensuring all types of ownership have equal legal treatment, according to Yicai.com. The paper said it was necessary to avoid a disconnection between macro policy and “micro-regulation”, with some places having a unilateral approach to the development of the private economy. Punishment for private firms should be in accordance with the law. Companies should not be closed down at will. Legislative changes were needed to strengthen property rights and protection systems for private enterprises and entrepreneurs, the paper said.
- Beijing’s growth target of around 5% demonstrates a rational and pragmatic development approach, and still shows China remains the main driver of world growth this year, with other major economies set to grow at a slower rate, according to an editorial by the nationalist Global Times. This year's growth target was not low, with 5% growth equal to the entire GDP of most countries, the paper said. The government has experience in accomplishing major tasks and has proven ability in using different policy tools to achieve macro level results. Additionally, this year's target is practical and allows for "various risks that future economic growth may face." The change in leadership at this year’s two sessions will open up a new chapter, and not see a policy U-turn, according to the paper.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.